Challenges
The business challenges that led the profiled company to evaluate and ultimately select Kyriba:
- Challenges they faced that caused their organization to buy Kyriba:
- Inefficient manual processes that wasted time and resources
- Improved decision support
Use Case
The key features and functionalities of Kyriba that the surveyed company uses:
- Has been a customer of Kyriba for 1-2 years.
- Kyriba solution categories they are using:
- Treasury Management (cash management, forecasting, debt, investments, BAM)
- Payments (treasury and supplier payments, payments hub)
Top purchasing drivers for selecting Kyriba:
- Depth of product functionality
- Superior global bank connectivity
- Strong business case
Results
The surveyed company achieved the following results with Kyriba:
- Biggest business benefits since choosing Kyriba:
- Increased productivity
- Freeing up time for more strategic initiatives
- Reduced costs via cloud automation
- Improved executive decision support
- Rates the following since implementing Kyriba:
- Improved staff productivity by automating treasury management processes: 50-75%
- Increase in time spent on strategic initiatives by reducing: 25-49%
- Reduced operational risk due to better controls: 50-75%
- Reduced impact of FX on earnings: up to 25%
- Improved cash returns by 25% to 30% since implementing Kyriba for better global cash visibility.
- Experienced an ROI of 2X with their Kyriba investment.